Schneider National (NYSE:SNDR) announced its quarterly earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40, Briefing.com reports. Schneider National had a return on equity of 11.61% and a net margin of 9.28%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Schneider National updated its FY18 guidance to $1.47-1.53 EPS.
NYSE SNDR traded down $0.72 during trading hours on Friday, hitting $22.14. The company had a trading volume of 12,741 shares, compared to its average volume of 1,077,036. The company has a current ratio of 2.41, a quick ratio of 2.27 and a debt-to-equity ratio of 0.21. The company has a market cap of $3.80 billion, a P/E ratio of 24.32, a P/E/G ratio of 1.08 and a beta of 0.97. Schneider National has a fifty-two week low of $20.14 and a fifty-two week high of $30.52.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a $0.06 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.24 annualized dividend and a yield of 1.08%. Schneider National’s dividend payout ratio is currently 25.53%.
In other news, Director James R. Giertz acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was bought at an average cost of $26.92 per share, with a total value of $107,680.00. Following the transaction, the director now directly owns 12,237 shares in the company, valued at approximately $329,420.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven J. Matheys sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $26.71, for a total transaction of $801,300.00. Following the completion of the transaction, the insider now directly owns 778,897 shares of the company’s stock, valued at $20,804,338.87. The disclosure for this sale can be found here. Corporate insiders own 43.46% of the company’s stock.
Large investors have recently bought and sold shares of the business. Sei Investments Co. boosted its position in Schneider National by 28.0% in the 2nd quarter. Sei Investments Co. now owns 45,586 shares of the company’s stock valued at $1,254,000 after buying an additional 9,969 shares during the last quarter. Strs Ohio purchased a new position in Schneider National in the 2nd quarter valued at about $480,000. Chicago Equity Partners LLC purchased a new position in Schneider National in the 2nd quarter valued at about $374,000. Rhumbline Advisers boosted its position in Schneider National by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 43,318 shares of the company’s stock valued at $1,192,000 after buying an additional 3,657 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Schneider National by 4.4% in the 2nd quarter. Macquarie Group Ltd. now owns 99,330 shares of the company’s stock valued at $2,732,000 after buying an additional 4,204 shares during the last quarter. 24.12% of the stock is owned by institutional investors.
Several analysts recently issued reports on SNDR shares. Stifel Nicolaus upgraded Schneider National from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Monday. Morgan Stanley set a $35.00 price target on Schneider National and gave the company a “buy” rating in a report on Monday, October 22nd. Buckingham Research lowered their price target on Schneider National from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, October 12th. Zacks Investment Research upgraded Schneider National from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Saturday, August 18th. Finally, Wolfe Research downgraded Schneider National from a “peer perform” rating to an “underperform” rating in a report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Schneider National presently has a consensus rating of “Hold” and an average target price of $30.50.
Schneider National Company Profile
Schneider National, Inc, a transportation and logistics services company, provides truckload, intermodal, and logistics solutions in North America. Its Truckload segment provides standard long-haul and regional shipping services through dry van equipment; and bulk, temperature-controlled, final mile delivery, and customized solutions for time-sensitive loads.
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